STRC, SATA and the onset of digital credit

void said:

huge utility value as payment rails

That is ALL we, suppliers, clients, and I, use it for. ;)

JohnnyDoe said:

20 years ago the SEC would have jailed me for even thinking about offering something like that to the public.

Trump is in the White House now and he's going to MILK this to the very end: We Investigated The Criminals Who Bought Trump: What We Found Will Shock You
🤣:ROFLMAO::ROFLMAO::ROFLMAO:

PS. We might as well joyride ;)

void said:

Luna didn't have 840k BTC worth 60B on the balance sheet.... just saying

Balance sheet = trust me bro

void said:

so you believe there is a chance that one of the most controversial and hugely monitored publicly traded companies in the world regulated by SEC and audited by KPMG doesn't have what they declare they have?

Like there was a chance one of the best banks would go bankrupt (Lehman), that one of the best energy companies was a fraud (Enron), that one of the best fund managers was running a Ponzi (Madoff) etc.
Plus, with some creative accounting a company can do whatever it wants with its shareholders’ money.

It’s also worth mentioning that “in 2000, Saylor was charged by the SEC with fraudulently reporting MicroStrategy's financial results for the preceding two years”

Btw the guy swore he would never sell, but he has just sold 32 btc.

void said:

I'd just expect that somebody like you... doing this...

would give some credit to audits and regulator oversight

Zero

void said:

- especially of a company with all the spotlights heading its direction

Sub zero in such conditions. Too many political interests etc.
I might be wrong, but I find MSTR toxic for the sector.

void said:

I didn't hear/see any blood oath... just plenty of very strong statements (Elon/Donald style big mouth claims)
first of all they clearly will only sell to be able to buy more, i.e. stay net buyers
and of course there must be a temptation to test the power he has over the market due to their position - 32 BTC is more of a "test-the-water" gesture than a serious transaction with an impact on their actual liquidity - if selling 32 BTC can move the market by 3% to buy 10x more then we might see other interesting things happening

That’s exactly why this company is toxic: he sells 32 btc and the market panics.

void said:

I kind of hesitate to believe that these (pretty well-off) people personally responsible and criminally liable for their companies would put their lives into jeopardy...

paper hands got burned, that's all... very healthy for the market and the immune ones

it's like complaining about the fact that the big muscle bullies the neighborhood - that's the natural order of life and universe

Never underestimate greed. It’s always the well off and wealthy who commit the largest frauds and always the ones in positions of trust who betray. The untrusted and unsuccessful don’t have the ability to do such.

void said:

I kind of hesitate to believe that these (pretty well-off) people personally responsible and criminally liable for their companies would put their lives into jeopardy...

It’s easy to get carried away and/or to be blackmailed…

void said:

paper hands got burned, that's all... very healthy for the market and the immune ones

it's like complaining about the fact that the big muscle bullies the neighborhood - that's the natural order of life and universe

I have no problems with someone selling his own btc, or with a fund selling: it means investors want to redeem.
We have no idea why Saylor sells btc that his software company bought with money raised from shareholders that expect a high dividend.
Don’t you smell ponzi?

This is all nice and dandy, but after I joined the "church" of Berkshire Hathaway, in the tradition of Buffett and Munger.

1. I invest only in productive assets I understand (very limited due to my cognitive abilities 🤣 )
2. that generate reliable cash flows from operations,
3. with strong economic moats (e.g. SNDK - ask me about their work with Customs agents/border vis-à-vis logos/TM - or try shipping just an empty package with the logo to your "enemy" and see how quickly militarized police show up at your enemy's home:ROFLMAO:),
4. honest management (Lord of the Castle who won't "rugpull" or be buying expensive toys for himself or for other adjacent to him 🤦)
5. and a clear margin of safety (e.g. SNDK selling way below it's intrinsic value in April of 2005 )

I just don't understand the "superiority" of these other instruments over just buying Bitcoin when we can use its value to borrow money against it and invest that borrowed money in productive assets. What am I missing? 🙄

Paratore said:

well off and wealthy who commit the largest frauds and always the ones in positions of trust who betray.

Are they really well off and wealthy, though? Or is it just "a mirage" to fool the weak-minded and lazy who look for someone else to enslave and get stuff for free instead of doing the hard labor and thinking themselves? 🙄

PS. I got exposed to Madoff and Allen Sanford through my workout partner, Mario, who worked for both and despite all his pleadings and stories, I NEVER fell for ANY of it. Mario was an awesome workout partner. He even competed as a pro for a short period, but his prowess in the gym did NOT make him credible (to me) outside the gym. Lots of people at Muscle Factory lost their asses investing with Mario regardless of ALL the red flags. 🤦 🤦 🤦 🤦

jafo said:

I just don't understand the "superiority" of these other instruments over just buying Bitcoin when we can use its value to borrow money against it and invest that borrowed money in productive assets. What am I missing? 🙄

Nothing!

But your point 4 “honest management” should be discarded. You should want a management that is smart, ambitious, well paid, with skin in the game and with enough power to be able to take decisions without having to pass through 5437356 layers of control.
Honesty and ethics are concepts that pertain to the local church, not to corporations.

void said:

I don't blame anyone seeing ponzi scheme, shitcoinery, centralization or wall street trojan horse ... I'm just far from telling anyone what to do

ponzis are good. But you have to find them in the early stages, and they must pay more than 11%. And be conscious of the fact that you are investing into a ponzi.

JohnnyDoe said:

It’s easy to get carried away and/or to be blackmailed…

The victim is ALSO a co-conspirator in the fraud! He's looking for something for nothing.

PS. I remember in the US the cops would go undercover and sell e.g. an iPhone of $2K for $100 (telling people it was stolen) and then bust the buyers. The "victims" were buying stolen goods because it was a "good deal." They DESERVE to be busted. AAPL can't even make an iPhone for $100, so how can one think they can buy it for a cheaper price than the manufacturer's cost?🙄